First reprint 1988, second reprint 1995, third reprint 2000. An act to consolidate and amend the law relating to companies and certain other associations. The gazette of india extraordinary part ii section i published by authority no. Windingup of solvent companies and deregistering companies 79. The companies act 20 is an act of the parliament of india on indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. Companies act 71 of 2008 department of justice and. Companies act, 1956 bare acts law library advocatekhoj. Where the registrar has reasonable cause to believe that a company is not carrying on business or in operation.
The companies incorporated by means of statute of special act of the parliament or any state legislative eg. Chapter v sections 6065 of income tax act, 1961 deals with provisions related to income of other persons, included in assessees total income. Jan 20, 2011 the advantages of section 25 companies over other companies registered under companies act are discussed below. Here is the pdf file for companies act, 20 and 1956. I have also incorporated the part ixa producer companies of companies act 1956 which shall be applicable mutatis mutandis to a producer company in a manner as if the companies act, 1956 has not been repealed until a special act is enacted for producer companies refer section 465 of. Part iv shares, debentures and charges sections 43. Effect of removal of company from register 6 5 10 15 20 25 30 35 40 45. Companies act, 1882 6 of 1882, or in table a in the first schedule annexed to the indian. Provisions of part ix a of the companies act, 1956 shall be applicable mutatis mutandis to a producer company in a manner as if the companies act, 1956 has not been repealed. The companies registered under the companies act, 1956 or the earlier companies act.
Bermuda immigration and protection act 1956 fourth schedule transitory provisions preamble and words of enactment omitted part i preliminary division of act into parts omitted interpretation in this act, unless the context otherwise requires the board of immigration or the board means the bermuda board of. Laws of brunei chapter 39 companies act enactment no. Section 3 in the companies act, 1956 indian kanoon. In the principal act, in section 3, i in clause j, in subclause i, for the words and figures the companies act, 1956, the words and figures the companies act, 20 shall be substituted. The companies acts 1948 to 1980 was the collective title of the companies act 1948, parts i and iii of the companies act 1967, the companies floating charges and receivers scotland act 1972, section 9 of the european communities act 1972, sections 1 to 4 of the stock exchange completion of bargains act 1976, section 9 of the insolvency. Compensation for occupational injuries and diseases act of. Document containing offer of shares or debentures for sale to be deemed prospectus. When corporations deemed to be related to each other 6a. Suggestion section 220 of the 20 act defines the term company to mean a company incorporated under the companies act 20 or any previous company law. Please refer to schedule 5 of the new companies act, no. Companies act, 1956 1 of 1956 so repealed under section 465 of this act. Amends section 1 of the secondhand goods act 23 of 1955. Sep 24, 2009 super secretarial checklist under companies act, 1956 sr.
Notice to be given to registrar for alteration of share capital effective from 1st april, 20141 where a a company alters its share capital in any manner specified in subsection 1 of section 61. Be it enacted by parliament in the sixth year of the republic of india as follows 1. Companies act, 1963, section 64 irish statute book. Therefore, the fact that the lien claimed by the applicantcompany is not. May 04, 2020 companies act in pdf is available for students and professionals. Super secretarial checklist under companies act, 1956.
Companies act 1956, 20 pdf bare act, bare act pdf, law. Pdf concept of companies under the same management under. Notice to be given to registrar for alteration of share capital effective from 1st april, 2014 1 where a a company alters its share capital in any manner specified in subsection 1 of section 61. The same principle applies to section 125 of companies act, 1956 also. Section 2661 in the companies act, 1956 1 a person shall not be capable of being appointed director of a company by the articles, and shall not be named as a director. Provisions applicable on investigation under section 5i. Section 64 of income tax act 19612017 provides for income of individual to include income of spouse, minor child, etc. Dissolution of companies and removal from register 83.
Provisions akin to section 47 of the companies act, 1956 also does not exist under the new act. Section 25 companies under companies act 1956 legal news. Dec 16, 2010 according to me the reason being section 255 of the companies act, 1956 clearly stipulates that unless the articles provide for the retirement of all the directors, 23rd of the total number of directors shall be the one who shall be liable to retire by rotation at every agm of the company. Section 253 is amended by insertion of a provision and section 266a to 266g are inserted, which provide for din to every individual. Associations and partnerships to be registered as companies under act. Laws of malaysia act 125 companies act 1965 arrangement of sections part i preliminary section 1. Section 64 of companies act, 20 notice to be given to. Refer the relevant provisions of the companies act, 1956 and rules made there under with respect to the matter dealt in this eform to contain the size of the form within upload limit, please use sign and save as.
Companies act 1965 revised 1973 incorporating latest amendment act a1299 2007 first enacted. The curious case of section 4 7 of the companies act, 1956. The 20 act is divided into 29 chapters containing 470 sections as against 658 sections in the companies act, 1956 and has 7 schedules. In this section and sections 387b, 387c, 397 and 401, unless the contrary intention appears financial statements means the financial statements of a company required to be prepared by the accounting standards and, in the case of a parent company, means the consolidated financial statements. Clarification on dispatch of notice under section 622 of companies act, 20 by listed companies for rights issue opening upto 31st july, 2020. Companies act 71 of 2008 english text signed by the president assented to. May 2020 edition of my ebook on the companies act, 20 is available for sale from may 4, 2020. According to section 3 1 iv of indian companies act. Read both companies act 201956 in a unique manner with inbuilt links to rules, sections etc. The indian companies act, 1956 basic concept the word company.
A study of its operation article pdf available march 1996 with 124 reads how we measure reads. Definitions of company, existing company, private company and public company 4. Sub section 4, 5 and 6 has been notified as on 01062016. Company auditors and liquidators to be approved by minister charged with responsibility for finance. The curious case of section 4 7 of the companies act, 1956 this issue is of paramount importance for foreign companies having majority shareholding in indian companies since classification as a. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Concept of companies under the same management under section 370 1b of the companies act, 1956. Power of registrar to strike defunct company off register. This procedure is regulated by section 64 of the labour relations act, which sets two requirements that must be met for a strike to be. The profits accrued or any other income obtained is used in promotion of its objectives and it prohibits payment of any dividend to its members. Section 25 companies, under the companies act 1956, are companies formed for promoting commerce, art, science, religion, charity or any other useful object.
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